Book announcement: The Japanese Economy

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Repost from H-Japan


Dear colleagues,

I would like to announce the publication of my new book: The Japanese Economy.


Agenda Publishing / Columbia University Press, 224 pages

Publication date: May 2020

ISBN (e-book): 9781788211840

ISBN (Paperback): 9781788210515

ISBN (Hardcover): 9781788210508


Brief Description

Although still the world’s third largest economy, Japan continues to feel the effects of the collapse of a massive asset price bubble in the early 1990s. In recent years further setbacks, including both the Asian and global financial crises, and the 2011 Fukushima earthquake, have only added to the economy’s difficulties and made its prospects under Abenomics at best mixed.

Hiroaki Richard Watanabe examines the ups and downs of Japan’s postwar economic history to offer an up-to-date and authoritative guide to the workings of Japan’s economy. The book highlights the country’s distinct business network and its unique state–market relationship. It explores the characteristic institutional complementarity that exists among different sectors and business practices and gives particular attention to human factors, such as labour market dualism, gender discrimination and migration. Although often associated in western minds with futuristic automated efficiency, Japan’s economy, Watanabe shows, retains many inefficient and peculiar practices that do not comply with global standards.

The book provides readers with a concise survey of Japan’s recent economic history, the economy’s characteristic features and the challenges it faces.



1 Introducing the Japanese Economy

2 The Transformation of the Japanese Economy since the 1990s

3 Measuring the Japanese Economy

4 The Structure of the Japanese Economy

5 The Human and Labour Factors of the Japanese Economy

6 A Distinctive Japanese Economic Feature: ‘Galapagos’ Syndrome

7 Conclusion: Prospects and Challenges for the Japanese Economy


For further information please visit:


Dr Hiroaki Richard Watanabe


School of East Asian Studies

University of Sheffield